The CIOT and LITRG have responded to the Welsh Government consultation on Appropriate mechanisms for making changes to the Welsh Tax Acts.
HMRC are currently sending letters to unrepresented taxpayers who they think may be required to follow the new Making Tax Digital for Income Tax rules from April 2026. Read on for more information on what to do next if you receive one of these letters.
We have refreshed our guidance on the rent-a-room scheme to provide clearer information about how the relief works if you need to file a tax return for any other reason. This update is designed to help you understand how to complete your self assessment tax return correctly.
After much speculation, the Chancellor finally delivered her long awaited 2025 Autumn Budget statement on 26 November. In this article, we set out some of the measures that are likely to impact on individuals - in particular, those on lower incomes.
From April 2024 sole traders and partners in partnerships are being taxed on a tax year basis even if they prepare their accounts over a different period. This change is known as basis period reform (BPR).If you were affected by BPR this article explains why you may want to revisit your 2023/24 tax ...
The Low Incomes Tax Reform Group (LITRG) is reminding gig workers and side hustlers to check if they need to complete a self assessment tax return for the 2024/25 tax year and register with HMRC by the 5 October deadline if necessary.